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Message: <blockquote data-quote="prh79" data-source="post: 4256490" data-attributes="member: 55429"><p>I suppose anything is possible.  Personally I believe it’s more about laziness and recent trends towards off loading rate setting.  Actuaries set rates, underwriters don’t.  Underwriting is a dying job anyway… they’re being replaced by software.  Most companies offload their rate setting to algorithms anymore.  They all probably buy similar software packages from a select few companies. (Cambridge Mobile Telematics does pretty much all the software for insurance companies drive tracking, most insurance companies use the same satellite imagery company to do “surveys” of homes…)  as large as the top insurance carriers are what would their benefit be in easing rates just so an investment company could buy homes?  The payouts would be in the billions.  Most of the top carriers are public ally traded and they all came out and stated they didn’t anticipate the pace of inflation and the number of claims going up as well.  Nobody supposedly saw it coming when “regular” people saw it everyday.  What’s much more likely is they all use similar actuarial software and didn’t want to take the risk of going against the tide.  If they all miss then they all raise rates at the same time and don’t bleed market share.</p></blockquote><p></p>